The Department of Justice has launched a federal grand jury investigation into the alleged financial irregularities by Neville Roy Singham, the China-based American businessman. Fox News reported that the grand jury in Manhattan issued subpoena as part of a probe launched by US attorney Jay Clayton for the Southern District of New York. Acting U.S. Attorney General Todd Blanche authorized the investigation as the Trump administration seeks to crack down on fraud, money laundering and other financial crimes in the multibillion-dollar nonprofit industry.Earlier, Fox News reported that Singham pumped $285 million from his base in Shanghai into a Goldman Sachs philanthropy fund and two shell corporations that then fed the money into a constellation of nonprofit organizations, media operations and activist groups pushing sectarian division, identity politics and support for socialist politicians.“The investigation is examining the movement of the money in Singham’s financial network and attempting to determine if Singham, the organizations he funded or their leaders committed wire fraud, bank fraud, money laundering or other financial crimes,” the report said.
‘Goldman Sachs could face scrutiny’
Treasury Secretary Scott Bessent traveled to New York City earlier this year and met Goldman Sachs Chairman and CEO David Solomon. The men discussed the role of a Goldman Sachs philanthropic arm — GS Donor Advised Philanthropy Fund For Wealth Management Inc. — that facilitated the movement by Singham of millions of dollars into a network of US nonprofits. Bessent reportedly delivered an ultimatum to the CEO that Goldman Sachs could face scrutiny for alleged conspiracy in the funneling of the Singham money.Goldman Sachs has had a long business relationship with the Chinese Communist Party, with Solomon participating in a meeting, for example, on November 4, 2025, with He Lifeng, a member of the Political Bureau of the Communist Party of China Central Committee and director of the Office of the Central Commission for Financial and Economic Affairs. A Goldman spokesman told Fox News Digital that the company terminated its relationship with SIngham in February 2024 following an initial round of public scrutiny about his donations to far-left causes
